To understand this cryptocurrency, we first need to describe what BitTorrent is. BitTorrent was created by Bram Cohen in 2001 as a peer-to-peer networking protocol for transferring large files over the Internet. The working client of this systеm is called μTorrent or Torrent Classic. More than 150 million people around the world use the services of this systеm. In 2018, the startup Tron Foundation bought the BitTorrent project for $140 million.
USD Coin (USDC) is a cryptocurrency whose value is 100% backed by assets in US dollars, its exchange rate is pegged to the US dollar in a ratio of 1:1. USD Coin is a stablecoin, and stablecoins are usually backed by reserve assets – fiat currencies such as euros or dollars, or debt securities such as US Treasury securities. This is necessary to maintain a stable exchange rate of the stablecoin. USDC assets are held in special accounts with US institutions, and all assets are recorded and monitored by the accounting company Grant Thornton.